How To Fix FINS_REV_REC077 - Please resolve the &1 log entries up to period &2 before execution

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 077

• Message text: Please resolve the &1 log entries up to period &2 before execution

What causes this issue?

In case of an error in revenue recognition calculation during real-time
processing of a reference document, the journal entry for the reference
document will be created but not the subsequent revenue recognition
document. Instead, an entry is added to the log. This enables the
revenue recognition part to be processed later.
When the revenue recognition part is then processed, the revenue
recognition document for the journal entry for the reference document
will be created.
Before you start the closing run, you need to resolve the logged issues
up to the cited period. Each log entry represents a reference document.
If you prefer to do a minimal re-execution instead of resolving the
issues, revenue recognition will attempt to calculate as much as
possible and omit those parts which cannot be calculated. However, there
is a minimum scope which must be calculated. The omitted parts are
captured by the period end closing run in the following way: The run
will do a complete re-evaluation. Thus<(>,<)> the calculated revenue
recognition values will be correct as a total, but for the quoted
reference documents there will be no linked revenue recognition
document.
<ZH>Note:</>
If the erroneous situations which generated the log entries are still in
effect, revenue recognition of the affected objects will not work
properly in the closing run.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC077 - Please resolve the &1 log entries up to period &2 before execution ?

  The SAP error message FINS_REV_REC077 typically occurs in the context of revenue recognition processes, particularly when dealing with the recognition of revenue in financial accounting. This error indicates that there are log entries that need to be resolved before you can proceed with the execution of a particular transaction or process.
  Cause:
  The error message is triggered when there are unresolved log entries related to revenue recognition for a specific period. This can happen due to various reasons, such as:
  
  Incomplete Data: There may be incomplete or incorrect data in the revenue recognition logs that need to be addressed.
  Pending Transactions: There could be pending transactions that have not been processed or cleared.
  Configuration Issues: There might be configuration issues in the revenue recognition settings that need to be corrected.
  Period Closure: The period you are trying to execute may not be closed properly, leading to unresolved entries.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Log Entries: 
  
  Use transaction code FBL3N or FBL5N to review the log entries related to revenue recognition. Look for any entries that are marked as unresolved or pending.
  
  
  
  Clear Unresolved Entries:
  
  Identify the specific entries that need to be resolved. This may involve correcting data, completing transactions, or clearing any discrepancies.
  If necessary, consult with your finance team to ensure that all relevant data is accurate and complete.
  
  
  
  Review Configuration:
  
  Check the configuration settings for revenue recognition in your SAP system. Ensure that all necessary settings are correctly configured.
  You may need to consult with your SAP functional consultant or support team for assistance with configuration issues.
  
  
  
  Close the Period:
  
  Ensure that the accounting period you are working with is properly closed. If there are open items in the period, they may need to be addressed before you can proceed.
  
  
  
  Re-run the Process:
  
  After resolving the log entries and ensuring that everything is in order, re-run the revenue recognition process to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL3N (G/L Account Line Items), FBL5N (Customer Line Items), and F.19 (Revenue Recognition).
  SAP Notes: Check for any SAP Notes related to the error message FINS_REV_REC077 for additional guidance or patches that may address known issues.
  Documentation: Review SAP documentation on revenue recognition processes to ensure compliance with best practices.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or your internal IT team for further investigation.